A few years ago, Champions Inc. purchased a storage garage. The firm paid $200,000 for this space. Gerry, the owner, decides he wants to expand his storage space and purchase a new garage in another part of town. This expansion will cost him about $400,000. Once the new storage space is occupied, Champions will generate about $60,000 per year in new sales. Based on this information, what is the total Net Capital Expenditure? Multiple Choice 

O - $60,000 

O -$400,000 

O-$340,000 

O -200,000